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The following partial balance sheet ($ in thousands) for Paisano Seafood Incorporated is shown below. Assets Liabilities and Equity Current assets: Current liabilities: Cash $

The following partial balance sheet ($ in thousands) for Paisano Seafood Incorporated is shown below. Assets Liabilities and Equity Current assets: Current liabilities: Cash $ 62 Accounts payable $ 232 Accounts receivable (net) 172 Other current liabilities 70 Notes receivable 55 Total current liabilities 302 Inventory 210 Long-term liabilities 109 Prepaid expenses 44 Total liabilities 411 Total current assets 543 Shareholders' equity: Equipment (net) 269 Common stock 147 Retained earnings 254 Total shareholders' equity 401 Total assets $ 812 Total liabilities and equity $ 812 Quick assets total

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